Cyanogen looking for $1bill valuation after receiving acquisition offer from Google

[techbeck]

Despite gaining $22 million in series B funding last year, Cyanogen Inc?s has yet to generate any sizable revenue. Sure they?re partnered up with Oppo and the folks at OnePlus to launch a few devices with their custom Android OS pre-installed, but other than that what have the one time Android modders been up to? Well, we know they were said to be in talks with some of the biggest firms in tech, companies like Microsoft and Yahoo looking to take the startup under their wing.

 

Now, as we approach the eve of their series C funding, it appears Cyanogen Inc could be seeking a breathtaking valuation, hitting upwards of a $1 billion. We know what you?re thinking: just how the heck did they arrive at that number? According to The Information, potential investors recently learned from Cyanogen?s chief executive that the Seattle-based software company recently met up with Sundar Pichai ? the man in charge of Google?s Android division ?  for acquisition talks, but walked away

 

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http://phandroid.com/2014/10/02/report-cyanogen-inc-walked-away-from-google-buyout-offer-now-looking-for-1-billion-in-funding/